Mosaic (MOS) Stock Up as Earnings Beat Expectations

Mosaic (MOS) stock is climbing in late afternoon trading on Tuesday, after the company reported its 2015 third quarter earnings results before the market open.
By Rachel Graf ,

NEW YORK (TheStreet) -- Mosaic (MOS) - Get Report stock is increasing by 6.35% to $36.67 in late afternoon trading on Tuesday, following the release of the company's 2015 third quarter earnings results before the market open today. 

The fertilizer company posted earnings of 62 cents per share for the most recent quarter, up from 56 cents per share for the year ago period. Cost cutting, share repurchases and a lower effective tax rate helped boost adjusted earnings per share, according to a statement. 

Revenue declined year over year, to $2.11 billion from $2.25 billion for the 2014 third quarter.

Mosaic had been forecast to report earnings of 53 cents per share on revenue of $2.33 billion by analysts surveyed by Thomson Reuters.

"Over the course of the last two years, we have transformed Mosaic to become more efficient and made great progress in optimizing our balance sheet," CEO Joc O'Rourke said in a statement. "We continued to grow adjusted earnings per share, despite notably weaker crop nutrient prices and a challenging macroeconomic environment."


Separately, TheStreet Ratings team rates MOSAIC CO as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

We rate MOSAIC CO (MOS) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow, generally disappointing historical performance in the stock itself and poor profit margins.

You can view the full analysis from the report here: MOS

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